Busan Urban Corporation Achieves First Place in Second Half Fiscal Execution Rate Among Busan City Affiliated Organizations

1.29 Trillion KRW Executed, Surpassing Ministry of the Interior and Safety's Target by 207.7 Billion KRW
98.36% Execution Rate, Highest Among Busan City-affiliated Organizations and Contributing to Local Economic Revitalization

Busan Metropolitan Corporation (BMC, President Shin Chang-ho) executed a total of 1.2981 trillion KRW in the second half of last year, achieving 98.36% of the targeted budget execution amount.

Amid the prolonged domestic economic downturn, BMC exceeded both the execution standards set by the Ministry of the Interior and Safety (83%) and Busan City's standard (87%), playing a leading role in revitalizing the local economy. This achievement also marks the highest execution rate among Busan city-affiliated organizations.

To achieve the budget execution goals, BMC continuously conducted weekly and monthly work reports and execution monitoring to enhance the efficiency of budget utilization.

Additionally, BMC promoted proactive budget execution measures such as advance payments for construction and goods, and completing construction within the year, making efforts to ensure that the planned budget was executed without delay.

President Shin Chang-ho stated, “This achievement is the result of mutual cooperation among BMC employees,” and added, “We will strive to invigorate the local economy and provide tangible benefits to residents through active budget execution in the first half of this year as well.”

Busan Metropolitan Corporation plans to continuously contribute to local economic revitalization through sustainable budget execution, various public projects, and urban development initiatives.

Busan Urban Corporation.

This content was produced with the assistance of AI translation services.